Renewal Agreement Reached With Viacom Before Deadline

Bruised by its summer fight with CBS Corp., and under takeover pressure, Time Warner Cable Inc. is making nice with TV channel owners.

On Tuesday, the No. 2 cable operator by video subscribers said it signed a deal with Viacom Inc. renewing its right to carry channels such as Nickelodeon, MTV and Comedy Central. As part of the deal, struck in advance of a year-end deadline, Time Warner Cable for the first time agreed to carry...